At the Canadian lender, Toronto Dominion Bank (NYSE: TD), the standard and refinancing mortgage home loan rates experienced some minor changes on January 21, 2014. The potential home buyers and refinancing home loan shoppers will find a little change in the benchmark 30 year fixed mortgage interest rates this Tuesday.
Firstly, the potential home buyers, interested in having the home purchase financed through long term home loan options, can find the 30 year fixed rate mortgage loans trading at an interest rate of 4.438% and carrying an APR yield of 4.551%. However, the shorter, 15 year fixed rate mortgage home loan deals can be had at an interest rate of 3.562% and an APR yield of 3.7565 today.
In the flexible lending arena, the prospective customers can find the best 3 year adjustable rate mortgage deals coming out at a lending rate of 2.562% and backed by an APR yield of 2.910% to start with. However, the 5 year adjustable rate mortgage deals can be locked in at an interest rate of 3.062% and an annual return of 3.043% during the initial years of the loan.
For the borrowers seeking more flexible interest rates, the bank offers its best 7 year adjustable rate home loan packages at an interest rate of 3.312% and an APR yield of 3.181% today. Alternatively, the prospective mortgagors can also go for the 10 year adjustable rate mortgage home loan deals, which are now trading at an interest rate of 3.688% and an APR yield of 3.480%.
When it comes to refinancing home loan options, the bank is now offering its popular 30 year fixed rate mortgage schemes at a lending rate of 4.688% and an APR yield of 4.803%. However, the short term, 15 year counterparts of the 30 year refinancing FRM home loans can be had at an interest cost of 3.812% and an APR yield of 4.008%.
As far as the adjustable rate mortgage loans are concerned, the mortgage shoppers can acquire the best 5 year refinancing deals at a starting rate of 3.312% and an APR yield of 3.131%. However, the more flexible, 7 year refinancing adjustable rate mortgage deals can be locked in at an interest rate of 3.562% and an APR yield of 3.299% to begin with.
The home purchase and refinancing loan rates published by banks experience an upward and downward movement on the basis of price changes tasted by mortgage backed financial securities, which follow the stock market sentiments closely. As the stock market lost its direction by the end of the trading day and reduced the DJIA index by -113.35, TD bank followed its footsteps for quoting the mortgage interest rates. Irrespective of the lending rates, the TD stock prices improved by +0.64% and increased to 84.74.
Disclaimer: The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes.
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